Table 5.

Estimates of the utility function, the noise, and the loss aversion parameters for AUT II^a

Parameter	TP	TD	NC	All
Estimated only on the mixed gambles in AUT II
γ	1.041	0.856	0.993	1.010
	(0.162)	(0.171)	(0.137)	(0.088)
λ	1.393	1.339	1.448	1.421
	(0.086)	(0.101)	(0.083)	(0.050)
ξ	0.802	0.354	0.632	0.651
	(0.247)	(0.215)	(0.208)	(0.132)
Estimated on the full set of AUT II situations
γ	0.876	0.895	0.894	0.889
	(0.013)	(0.010)	(0.011)	(0.007)
λ	1.346	1.381	1.416	1.383
	(0.042)	(0.033)	(0.038)	(0.022)
ξ	0.722	0.517	0.611	0.613
	(0.030)	(0.019)	(0.023)	(0.014)

^aγ denotes the coefficient of risk aversion, λ the loss aversion parameter and ξ captures the measurement noise. Estimated on AUT II data with a logit model as described in the main paper. Standard errors are provided in parentheses. Standard errors for λ and ξ are calculated with the delta method